Airbnb, Inc. (NASDAQ:ABNB) Stake Cut by Federated Hermes Inc.

Federated Hermes Inc. reduced its holdings in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 24.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 199,635 shares of the company's stock after selling 63,805 shares during the quarter. Federated Hermes Inc.'s holdings in Airbnb were worth $26,234,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of ABNB. Golden State Wealth Management LLC acquired a new stake in Airbnb in the fourth quarter valued at $25,000. Berbice Capital Management LLC purchased a new stake in Airbnb during the fourth quarter worth about $26,000. Graney & King LLC acquired a new position in Airbnb during the fourth quarter worth about $32,000. Whipplewood Advisors LLC purchased a new position in Airbnb in the fourth quarter valued at about $44,000. Finally, Cromwell Holdings LLC lifted its position in shares of Airbnb by 82.5% during the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company's stock valued at $49,000 after acquiring an additional 170 shares during the period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of the firm's stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $128.95, for a total transaction of $27,632,050.75. Following the completion of the sale, the director now owns 1,071,430 shares in the company, valued at $138,160,898.50. This trade represents a 16.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nathan Blecharczyk sold 183,078 shares of the company's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the completion of the sale, the insider now directly owns 164,850 shares in the company, valued at $26,046,300. This represents a 52.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,251,592 shares of company stock valued at $308,485,023 in the last quarter. Company insiders own 27.83% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ABNB. Hsbc Global Res raised Airbnb from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. Baird R W upgraded shares of Airbnb from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. Robert W. Baird cut their target price on shares of Airbnb from $175.00 to $160.00 and set an "outperform" rating for the company in a research report on Tuesday, March 25th. Argus upgraded shares of Airbnb from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Finally, Bank of America raised their price target on Airbnb from $154.00 to $159.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 18th. Five research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Airbnb has an average rating of "Hold" and a consensus target price of $146.56.

Airbnb Stock Up 0.5 %

NASDAQ:ABNB traded up $0.61 during mid-day trading on Monday, hitting $115.15. The company had a trading volume of 810,082 shares, compared to its average volume of 4,735,771. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $166.74. The firm has a market capitalization of $72.61 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 3.52 and a beta of 1.15. The business has a fifty day simple moving average of $131.21 and a 200-day simple moving average of $132.86.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Equities analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

About Airbnb

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.